free lookups / month. Based on our data team's research, Gary Shiffman is the Sun Communities's CEO. Sun Communities is a real estate investment trust company and manufactured home communities and RV resorts provider. There is an increase in the surveys that we've done and our competitor has done, with expectation of RV stay and camping this coming year. And I would remind the market, we have very manageable maturities, no looming towers over the course of the next couple of years. Sun Communities, Inc. (SUI) Southfield, MI. There are 4 older and 13 younger executives at Sun Communities. The company undertakes no obligation to advise or update any forward-looking statements to reflect events or circumstances after the date of this release. Ironically, it is Sun Communities Inc (SUI) Chairman and CEO Gary Shiffman who perhaps unwittingly exposed how a key element of the White House Resident Biden tax hikes plan benefits consolidators, that includes Shiffman's own virtue-signaling ESG embracing firm. The proceeds were used to repay amounts on our revolving credit facility. Additionally, Mr. Shiffman, through his family-related interests, has had significant direct holdings in various real estate asset classes, which include office, multi-family, industrial, residential and retail. Certainly with the headwinds of interest rates today, that is one big focus, Wes. To write a complaint about Sun Communities and get an answer from the officials of Sun Communities, Complaintsboard.com's objective complaint writing and answer providing system can be used. As of 2022, Sun Communitiess net worth stands at 20-24 billion USD. So that would -- that accounts for about an additional $90 million of that quarter-to-quarter increase. As a reminder, this call is being recorded. (business & personal). Biography of Gary Shiffman. My wife and myself are getting thrown out of this park due to an unfair prejidced manager who lets a karaoke mob run this place and she has lied to corperate people to accomplish this I have several witnesses to this and they a justin lawson and rebecca morrison did not care to talk to anyone just told us we had to leave.. This year marks Sun's 30th year as a public company. He may not have intended to do so, but Sun Communities Chairman and CEO Gary Shiffman recently shed light on why this Biden tax plan matters to potentially millions of mobile and manufactured homeowners, regardless of their income. Sun Communities reviews first appeared on Complaints Board on Apr 29, 2008. So, our new home or pre-owned home sales being down a little bit, it's just reflective of the demand, people staying in their homes longer. Sun Communities, Inc. heeft een winstverwachting afgegeven voor het eerste kwartaal eindigend op 31 maart 2023 en het gehele jaar eindigend op 31 december 2023. Why? Maybe a follow-up on that in terms of the development sites. The Leadership score includes details about how employees evaluate their executive team, CEO and manager. The fourth quarter continued to show strength. Note that we expect first quarter results to reflect the seasonality of U.K. operations, as outlined in our supplemental, which we acquired in April 2022. We were expecting about a 90-basis point increase year-over-year in revenue from transient RV. Get contact details including emails and phone numbers | 27 februari 2023 Featured: Microsoft CEO Bio- Satya Nadella Net Worth, Age, Career, & More! Please go ahead. I mean it's not really discounts to push the volume, but I think when we walked in, I think part of the investment thesis that we shared in the beginning was the fact that we might thin the margin a little bit to gain more sites and gain more ongoing revenue, okay, on those sites. Is this happening to you frequently? And with the addition of Park Leisure, which are really the high end of holiday vacation parks, they have a much lower percent of fleet home ownership in those 14 properties. And I think this is where when I referred to the fact we're seeing the reality of what's out there overall. At our RV communities, we set another annual record for site conversions to annual leases. Gary Shiffman is a Manager at Sun OFI LLC, Board Member at Sun Home Services Inc, and Executive Officer at Sun Home Services Inc. Average price was about $196,000. Safe Harbor Marinas Acquired for $2.1 Billion. We are actively and programmatically working on a number of strategies to continue to reduce our exposure to variable-rate debt. Importantly, we expect our G&A as a percentage of revenue to decline this year. Okay. With respect to ESG, we continually identify ways that we can enhance our corporate citizenship. To find out more about what we have to offer, visit a community near you or contact us. The waitlist, we're now -- we now have a waitlist at 91% of our marinas. Similar Profiles. Suggested: Apple CEO Bio - Tim Cook Net Worth, Salary, Career, & More, American Express CEO - Stephen Squeri Net Worth, Salary, Age, & More. SUI earnings call for the period ending June 30, 2021. Up to 5 Yes. Gary A. Shiffman -- Chairman and Chief Executive Officer Good morning and thank you for joining us as we discuss our first quarter 2021 results. Maybe first on same store revenue expectations for '23. Manage Products and Account Information Support Americas +1 212 318 2000 EMEA +44 20 7330 7500 Asia Pacific +65 6212 1000 Company About Careers Diversity and Inclusion Tech At Bloomberg. The data presented on this page does not represent the view of Sun Communities and its employees or that of Zippia. million verified professionals across 35 million companies. What are you seeing on the leading-edge demand for transient RV? Sun Communities Inc. 31700 Middlebelt Road, Suite 145 Farmington Hills, Michigan 48334 U.S.A. Telephone: (248) 932-3100 Fax: (248) 932-3072 Web site: http://www.suncommunities.com Public Company Incorporated: 1985 Employees: 513 Sales: $151.3 million (2000) Stock Exchanges: New York Ticker Symbol: SUI NAIC: 52593 Real Estate Investment Trusts Gary A. Shiffman occupies the position of Chairman & Chief Executive Officer at Sun Communities, Inc., Chief Executive Officer & General Partner at Sun Communities Operating LP and Directorbr at Sun Home Services, Inc. (both are subsidiaries of Sun Communities, Inc.) and Chairman & Secretary at Bingham Financial . But if you look out into the whole year, we're a little bit ahead in total booking pace, meaning bookings that have actually happened at this point in time versus where we were last year. 176 We and our stakeholders have benefited from the compelling supply and demand dynamics that underpin manufactured housing, RV communities and marinas. And going forward, we expect good solid growth this coming year. How much is the insurance as a percentage of operating percentage? Thank you. So, our expectation is that we will pass-through these costs through rental increases as we go forward because they're part of our operating business. The strength of our portfolio is a direct result of our irreplaceable locations, the hard work of our team members and our continued reinvestment in our communities. Last updated 24 days ago. It has accretiveness and embedded growth where we can justify deploying capital in this environment and deliver the kind of growth our stakeholders are used to. At the midpoint of the ranges, summarized in our press release, this total Same Property NOI growth assumes 4.6% growth from manufactured housing, 5.8% growth from RV and a 7% increase from marinas. Welcome to the Sun Communities Fourth Quarter and Year End 2022 Earnings Conference Call. John? And while these aren't loss leaders, we are passing off gas, fuel at our cost to attract members. I think it reflects our strategic plan with management. This creates a very sticky customer base and gives us the ability to grow rents. I don't have that broken out here in front of me. And then -- thank you for that. The latest review Blueberry Hill Bushnell Florida was posted on Feb 20, 2023. Got it. (248) 208-2500 Company Sun Communities Gary Shiffman Current Workplace Sun Communities Location 27777 Franklin Rd Ste 200, Southfield, Michigan, 48034, United States Description Industry Real Estate Discover more about Sun Communities Gary Shiffman Work Experience and Education Education North-western University Board Memberships & Affiliations This does conclude the company's remarks. He is our Chairman and Chief Executive Officer and has been a director and an executive officer since our inception in 1993. million verified professionals across 35 million companies. So, I think, again, 40-year track record, 30-year public, 10-year private, indicates that we will be able to continue to get the correct growth based on the value proposition. Subsequent to the Park Holidays transaction, we acquired 14 best-in-class holiday parks in the U.K. You might contact Gary A Shiffman via mailing address: 27777 Franklin Road, Ste 200, Southfield Mi 48034. And when we talk about passing on guests at our cost, it's not just the cost we buy it at the pumper truck, but it's the cost associated with delivering it. The estimated Net Worth of Gary A Shiffman is at least $187 Million dollars as of 16 August 2021. (Podcast), Chairman/President/CEO, Sun Communities Inc. Good morning, everyone. I'll now turn the call over to Gary Shiffman, Chairman, President and Chief Executive Officer. Sun Communities deals in the Real estate investment trust industry According to the latest report, Sun Communities has generated US$1.264 billion (2019) and net income being US$0.160 billion (2019). We anticipate investing roughly $200 million in our ground-up development and expansion activity. We're looking to build our new developments to a high single-digit unlevered IRR upon stabilization. Search over 700 Or is there some other explanation? I feel like throughout the fall, the messaging on the rate growth you were sending out was going to line up with expense growth. Sun Communities is a publicly traded real estate investment trust that invests in manufactured housing communities, recreational vehicle resorts, and marinas. It's actually one that we started on in July of the second quarter. Gary A. Shiffman. I guess just one for Fernando on the balance sheet. Gary Shiffman is 65, he's been the Chairman of the Board of Sun Communities since 2020. Company profile for Sun Communities Inc. including key executives, insider trading, ownership, revenue and average growth rates. Sun Communities, Inc. is an owner, operator and developer of manufactured housing communities. Garry Shiffman, age 67, helped his father Milton M. Shiffman, who was a medical practitioner, built Sun Communities. I think everything is under review. 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